Sunday, March 17, 2013

All of the Land and Structures in Los Angeles County is Valued at $1.1 Trillion!

Take a look at page 4 of this report and gawk at the $1.1 Trillion dollar number. In 1990, the Los Angeles County Assessor's Office valued the land and structure at $430 billion.  Converting these numbers into real dollars using the CPI,  yields an annual average real appreciation rate of 2.5%. I realize that LA County now has a larger quantity of buildings than it had in 1990 but this example highlights that the land has value out here because the building themselves are mostly nasty 1950s tear downs.  


Justin M Ross said...

Perhaps it should be a little higher than that, even:

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